Gabriela has the following income for the quarter
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter4: Gross Income
Section: Chapter Questions
Problem 1BCRQ
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Question
Gabriela has the following income for the quarter: a. Professional income,
P80,000 b. Income from her business, P30,000 c. Compensation income,
P40,000 d. Interest income from bank deposit, P10,000. What amount of
income will Gabriela report in her quarterly income tax return?
P80,000
P110,000
P120,000
P150,000
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